1. Money is not the key to job satisfaction.
A recent study found that, while 89% of employers think their people leave for money, in reality only 12% of people actually do leave for more money, alone. You can breathe a sigh of relief knowing that number, but the strong reason for such a high retention is the high employee engagement involved in many firms including increasing employee-employer interaction.
2. Less sleep = Less profit.
If you notice your employees looking sleep deprived, that is one flag you shouldn’t ignore! Even though most respondents agreed that sleep is crucial for focus, 52 percent admitted they never – or rarely – get enough of it. Despite the fact that they find mid-day exercise recharges their focus, 70 percent say they never – or rarely – get enough physical activity. Employee engagement activities help improve your workforce’s health and thereby their productivity.
3. The most important fuel for growth.
Merriam-Webster defines ‘Feedback’ as – helpful information or criticism that is given to someone to say what can be done to improve a performance, product, etc. Over forty-three percent of highly engaged employees receive feedback at least once a week compared to only 18% of employees with low engagement. Constant feedback helps provide a clearer path on their goals and increases a feeling of belonging among your employees.
4. Failing to plan is planning to fail.
90% of Leaders agree that an employee engagement strategy has an impact on business success but barely 25% of them have a strategy. Don’t push employee engagement onto the back burner; it may cost you in the long run.
5. Be the star attraction.
49% of employees said they would leave their current job in a heartbeat for a company that clearly recognized employees for their efforts and contributions. Increasing your organisation’s employee engagement not only helps retain your current employees but also attracts prospective and highly productive employees.
6. The advantages of employee engagement.
What are the obvious advantages of employee engagement, you ask? Engaged employees are generally more:
a. Willing to recommend their employer to others,
b. Passionate about striving for company goals,
c. Productive and achieve more throughout the day,
a.d. Satisfied with their home and personal lives.
7. Numbers don’t lie.
A Dale Carnegie study reported that, engaged workforces earn more—a lot more. If this stat doesn’t convince you to explore solutions to your employee engagement problem, nothing will: companies with engaged employees outperform those without by up to 202%.
8. Avoid unplanned leave.
Do employees taking unplanned vacations eat into your organisation’s productivity and profits? Companies with highly engaged staff reported employees taking an average of 7 absence days per year, approximately half the 14 days per year reported in low engagement companies (bottom 25%). Organizations with high levels of employee engagement also report significantly less workplace stress, 28% versus 39% for the less engaged organizations.
9. Encourage cross-vertical communication.
Two-thirds of current employees in the service sector feel “overwhelmed”. Employee engagement activities encourage cross-vertical communication in your organisation, which can help redirect the workload and reduce unnecessary conflicts.
10. Avoid building up to a rut.
Do you often observe your older employees going into a productivity rut? Employee engagement tends to flatline after 5 years of being at the same company which leads to decrease in productivity and interest shown in one’s work. Employee engagement not only helps your employees feel connected but also encourages their growth.